AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Feb. 22, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of January 31, 2021.

AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) Metropolitan Transportation Authority  (Metropolitan Transportation Authority Ded Tax)  Series 2016A  5.25%, 11/15/35		2.50%
2) Central Plains Energy Project  (Goldman Sachs Group, Inc. (The))  Series 2017A  5.00%, 9/01/42		2.16%
3) State of Connecticut Special Tax Revenue    Series 2012  5.00%, 1/01/29		2.15%
4) Jefferson County Board of Education/AL    Series 2018  5.00%, 2/01/46		1.74%
5) Wisconsin Public Finance Authority(CHF - Wilmington LLC)  AGM    5.00%, 7/01/58		1.66%
6) Massachusetts School Building Authority    Series 2011B  5.00%, 10/15/32 (Prerefunded/ETM)		1.62%
7) Detroit Downtown Development Authority  AGM  Series 2018A  5.00%, 7/01/48		1.62%
8) Los Angeles Department of Water & Power Power System Revenue    Series 2013B  5.00%, 7/01/30		1.59%
9) Tobacco Settlement Financing Corp./NJ    Series 2018A  5.00%, 6/01/46		1.56%
10) Metropolitan Pier & Exposition Authority      5.00%, 6/15/50		1.49%
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		20.91%
Airport		8.05%
Toll Roads/Transit		6.17%
Electric Utility		4.78%
Revenue - Miscellaneous		4.75%
Water & Sewer		2.90%
Prepay Energy		2.81%
Tobacco Securitization		1.56%
Higher Education - Public		1.03%
Primary/Secondary Ed. - Public		0.93%
Higher Education - Private		0.76%
Port		0.69%
Industrial Development - Utility		0.47%
Senior Living		0.25%
Industrial Development - Industry		0.19%
SUBTOTAL		56.25%
Tax Supported
Special Tax		18.55%
State G.O.		7.72%
Local G.O.		2.51%
Tax-Supported State Lease		2.44%
Assessment District		2.11%
Tax-Supported Local Lease		0.56%
SUBTOTAL		33.89%
Prerefunded/ETM		8.55%
Insured/Guaranteed
Guaranteed		0.77%
SUBTOTAL		0.77%
Asset-Backed
Housing - Multi-Family		0.32%
SUBTOTAL		0.32%
Cash Equivalents
Investment Companies		0.22%
SUBTOTAL		0.22%
Total		100.00%
State Breakdown		Portfolio %
New York		12.35%
California		10.38%
Illinois		10.22%
New Jersey		8.04%
Pennsylvania		7.34%
Connecticut		5.42%
Florida		5.41%
Texas		4.55%
Michigan		3.85%
South Carolina		3.13%
Wisconsin		2.50%
Alabama		2.44%
Nebraska		2.16%
Massachusetts		2.00%
Colorado		1.84%
Oklahoma		1.77%
North Carolina		1.61%
Minnesota		1.51%
Tennessee		1.36%
Arizona		1.31%
Utah		1.20%
Maryland		1.09%
Georgia		1.08%
Ohio		1.04%
District of Columbia		0.96%
Kansas		0.86%
Guam		0.84%
Kentucky		0.81%
West Virginia		0.67%
Puerto Rico		0.52%
Hawaii		0.41%
Arkansas		0.32%
Indiana		0.19%
Iowa		0.19%
Louisiana		0.18%
New Hampshire		0.13%
Oregon		0.10%
Other		0.22%
Total Investments		100.00%
Credit Quality Breakdown		Portfolio %
AAA		5.46%
AA		28.09%
A		37.17%
BBB		17.73%
BB		1.73%
D		0.27%
Not Rated		0.78%
Pre-refunded Bonds		8.55%
Short-Term Investments		0.22%
Total Investments		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		0.22%
1 to 5 years		1.18%
5 to 10 years		23.41%
10 to 20 years		36.17%
20 to 30 years		34.64%
More Than 30 years		4.38%
Other		0.00%
Total Investments		100.00%
Portfolio Statistics:
AMT Percent:		9.84%
Average Coupon:		5.04%
Percentage of Leverage:
Bank Borrowing:		0.00%
Investment Operations:		0.00%
Auction Preferred Shares (APS):		0.00%
Tender Option Bonds:		3.89%
Variable Rate MuniFund Term Preferred Shares (VMTPs):		34.51%
Total Fund Leverage:		38.40%*
Average Effective Maturity:		4.98  Years
Effective Duration:		4.49  Years
Total Net Assets:		$448.54 Million**
Common Stock Net Asset Value:		$15.24
Number of Holdings:		175
Portfolio Turnover:		6%
* The total percentage of leverage constitutes 3.89% through the use of tender option bonds, 34.51% in issued and outstanding VMTPs and 0.00% in investment operations, which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
** The Fund also had outstanding $232,125,000 of VMTPs at liquidation value, which is not included in Total Net Assets because it is treated as a liability for financial reporting purposes.
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

 

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SOURCE AllianceBernstein National Municipal Income Fund, Inc.